How much more damage could really be done by flipping the bird to the two plaintiffs and the NY court? Confidence is already as ruined as it can get and won't return until the country's future brightens. If that happens, it's not like investors won't return to make money because of a past default. Can someone explain to a non-economist in non-economist terms why the country of Argentina, given its circumstances, is paying any attention to what a court in New York says?